60 Rougeau Avenue

Property Overview: 60 Rougeau Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,062 sqft bungalow, built in 1976, presents a practical opportunity in the Mission Gardens neighbourhood. Its primary appeal lies in its efficient use of space; the living area is notably above average for its immediate street and competitive within the local area, suggesting a well-utilized floor plan within a modest footprint. The assessed value is consistently below average across all comparison levels, indicating a potentially accessible entry point into the market.

The property suits buyers with clear priorities. It's ideal for first-time homeowners or downsizers seeking a manageable space without a premium price tag. The smaller, 2,663 sqft lot means less yard maintenance, appealing to those wanting a low-maintenance lifestyle. A thoughtful perspective is that this home represents a "value-hold" in its neighbourhood—it offers the location and community benefits of Mission Gardens, but in a more compact and affordable package than many surrounding properties. Its twice-sold price history (2016 and 2021) within the same $200k-$250k range suggests a stable, predictable market value.

Section 2: Frequently Asked Questions

1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home's more compact lot size and modest specifications compared to larger properties in the area. It can be an advantage, potentially leading to lower property taxes.

2. What does the smaller lot size mean for me?
It offers easier, lower-cost upkeep but less private outdoor space. The trade-off is a home that prioritizes interior living area over yard size, which is a common preference for those seeking minimal maintenance.

3. How does the living area compare realistically?
At 1,062 sqft, it provides more space than many similar homes on its own street. While not large by city-wide standards, it is efficiently sized for the area and likely meets the needs of a small household comfortably.

4. The home is 50 years old. What should I consider?
A home of this age may have undergone updates. A thorough inspection is key to understand the condition of major systems like roof, wiring, plumbing, and windows, which may be due for attention or replacement.

5. Why have the past sale prices been in a consistent range?
The stable sale price range over two transactions suggests the market has a firm understanding of the home's value based on its specific characteristics. It indicates a property less subject to speculative swings, which can be appealing for a long-term, stable purchase.